bad loans

 

Axis Bank Q3 profit rises 25 percent, but lags estimate

Jan 22 2018 | 5 hrs ago

Axis Bank Ltd posted a 25 percent rise in quarterly net profit, helped by higher interest and fee incomes as well as a drop in provisions for bad loans.

Develop a US-style online platform to sell bad loans: Acharya

Jan 21 2018

Acharya has opined that such an online trading platform can help create a thriving market for selling bad loans, which is plaguing the domestic banking system.

BoI to be out of RBI watch list soon as recovery picks up: MD

Jan 12 2018

BoI has put in place an aggressive bad loan recovery strategy and hopes to be out of the RBI's watch list soon, the state-run lender's MD Dinabandhu Mohapatra said.

Financial bids for all 12 large NPA accounts by month-end: SBI

Jan 10 2018

SBI expects financial bidding process for resolution of 12 big stressed accounts to be over by the end of this month, said the bank's top official.

South Indian Bank Q3 net rises 3 percent to Rs 115 crore

Jan 09 2018

South Indian Bank posted a 3.25 per cent increase in net profit at Rs 115 crore for the third quarter ended December 2017.

Positive impact of growth measures to be seen in long term: FM

Jan 04 2018

Finance Minister Arun Jaitley assured that the positive impact of the economic measures being taken by the government would be seen in medium to long term.

Higher NPA provisioning to impact banks in 2018/19: Moody's

Jan 04 2018

Moody's said the govt's Rs 2.11 lakh cr capital infusion in PSU banks would narrow the gap between the capital profiles of public and private sector banks.

Arun Jaitley introduces bill to amend IBC in Lok Sabha

Dec 28 2017

Jaitley introduced a bill in LS to bar wilful defaulters as well as those with NPA accounts from bidding in auctions to recover bad loans through insolvency proceedings.

Sebi defers norms for loan default disclosure by listed firms

Dec 28 2017

Markets regulator Sebi decided to hold further discussions on its proposed norms mandating listed companies to make immediate disclosure about their loan defaults.

NPAs: RBI blames i-bankers for faulty project/loan apprisals

Dec 22 2017

RBI has blamed conflicts of interest among merchant bankers as one of the prime reasons for faulty project appraisals that has led to the huge NPAs pile up.

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Stocks In News

 

WELSPUN ENTERPRISES

Completes acquisition of 49% stake in the projects from MBL Group

Total consideration of Rs 2,300 Cr 

Projects involve 4-laning of sections of NH-72A & NH-73

TATA STEEL

Sets Rights Ratio Of 4 Fully Paid Shares For 25 Held

To issue up to 15.5 cr fully paid-up shares for up to Rs 8,000 cr

Sets Rights Issue Price At Rs 510/Fully Paid Share

To issue up to 7.8 cr partly paid-up shares for up to Rs 4,800 cr

Sets Rights Issue Price At Rs 615/Partly Paid Share

TECHNOFAB ENGG

Gets 2 new orders worth Rs 205 Cr from Public Utilities Corp, Seychelles

Projects in waste water sector

Projects funded by European Investment Bank

Cos order backlog increases to Rs 2,200 cr, which is an all-time high

J KUMAR INFRAPROJECTS

Gets LOA for 2 projects from Delhi Metro Rail Corp

Work includes finishing works of 8 stations of Mumbai Metro Rail Project

Cost of Contracts stands at nearly Rs 57 cr

FUTURE RETAIL

To acquire entire equity share capital of arm Travel News Services

Deal amounts to Rs 85 cr, with additional consideration of Rs 15 cr

Post acquisition, TNSI Retail to become step-down arm of co

TNSI JV Welcome Retail Private Limited to become step-down arm

Deal likely to be completed in 12-16 weeks

Note: Travel News Services (TNSI)

Effect of acquisition

Consolidation of retail business of FRL

To help FRL expand its presence at Airports, Metro Stations, Universities

Will have access to retail brand WH Smith", license for which is held by co

Note: Future Retail (FRL)

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